Partial Pelinquishment Report GR461 EL 25566 and EL 31383 for the period 23 August 2016 to 26 August 2019

Abstract

Gempart's Musgraves Project is located in the northern Musgraves Province in the extreme southwest corner of the Northern Territory. Tenement comprised four granted titles EL 25566, EL 27912, EL 27913 and EL 31383. They have group reporting status GR461. EL 27912 and EL 27913 were relinquished in full in July 2019. This document reports on the first partial relinquishment of EL 25566 and EL 31383. Primary commodities sought are gold, nickel, PGE's and REE's. Little modern exploration data exists from government airborne geophysics or past explorers. There are no prospects, mineral occurrences or drill holes within the relinquished area. The geology of the relinquished area appears to be predominantly granitoid rocks of the Mesoproterozoic Umutju Granite Suite. Reviews completed in the first two years of tenure of published geology and existing geophysics failed to identify areas of interest. A detailed airborne magnetic/radiometric survey flown in 2019 failed to generate any targets. The area is considered to be low prospectivity, hence the recommendation for partial relinquishment.